Chesapeake Energy (CHK) to Release Quarterly Earnings on Tuesday

Chesapeake Energy (NASDAQ:CHKGet Free Report) is scheduled to announce its earnings results after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Chesapeake Energy Price Performance

Shares of NASDAQ:CHK opened at $77.56 on Tuesday. The firm’s 50 day moving average price is $77.00 and its 200-day moving average price is $82.28. Chesapeake Energy has a twelve month low of $69.68 and a twelve month high of $91.00. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $10.17 billion, a PE ratio of 2.11, a price-to-earnings-growth ratio of 10.59 and a beta of 0.50.

Institutional Investors Weigh In On Chesapeake Energy

A number of institutional investors have recently added to or reduced their stakes in CHK. Vanguard Group Inc. grew its holdings in shares of Chesapeake Energy by 15.7% in the first quarter. Vanguard Group Inc. now owns 11,196,852 shares of the company’s stock valued at $974,127,000 after purchasing an additional 1,517,281 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Chesapeake Energy by 0.7% in the first quarter. Wellington Management Group LLP now owns 4,649,011 shares of the company’s stock valued at $404,465,000 after purchasing an additional 33,353 shares in the last quarter. State Street Corp grew its holdings in shares of Chesapeake Energy by 4.1% in the first quarter. State Street Corp now owns 2,308,022 shares of the company’s stock valued at $175,502,000 after purchasing an additional 89,942 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Chesapeake Energy by 44.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,109,882 shares of the company’s stock valued at $160,436,000 after purchasing an additional 647,380 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Chesapeake Energy by 2.3% in the first quarter. Geode Capital Management LLC now owns 1,777,160 shares of the company’s stock valued at $134,956,000 after purchasing an additional 39,463 shares in the last quarter. 97.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CHK. Truist Financial raised their target price on shares of Chesapeake Energy from $110.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. TheStreet cut shares of Chesapeake Energy from a “b-” rating to a “c+” rating in a research note on Friday, December 29th. Johnson Rice cut shares of Chesapeake Energy from a “buy” rating to an “accumulate” rating in a research note on Thursday, December 14th. Citigroup upgraded shares of Chesapeake Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $82.00 to $95.00 in a research note on Friday, January 12th. Finally, Wells Fargo & Company decreased their target price on shares of Chesapeake Energy from $89.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Chesapeake Energy has an average rating of “Hold” and a consensus price target of $104.30.

View Our Latest Stock Report on Chesapeake Energy

Chesapeake Energy Company Profile

(Get Free Report)

Chesapeake Energy Corporation, an independent exploration and production company, engages in the acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs in the United States. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana.

Further Reading

Earnings History for Chesapeake Energy (NASDAQ:CHK)

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